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G+T sells legal verification software to Litera
Gilbert + Tobin has sold its in-house proprietary verification software to Litera, a global provider of software for law firms and legal teams.
Tony Zhang
The acquisition by Litera will enable the ongoing development of the verification tool invented by Gilbert + Tobin and enhanced over a number of years. It complements Litera’s existing technology suite, which streamlines the process of managing transactions within a secure, collaborative workspace.
“With our team’s dedication and expertise, the tool is now ready for the next stage in its journey, in the capable hands of a leading global legal technology company,” Ms Sandler said.
“To my knowledge, Gilbert + Tobin is the first and only law firm to have developed and sold its own software of this kind to a company such as Litera. As a firm with a strong commitment to innovation we will continue to develop and leverage our IP.”
The Gilbert + Tobin tool digitally verifies disclosure document statements, provides real-time data on the verification status, and syncs verification changes into a master document. It creates efficiencies through the automation of the verification process making it less labour-intensive. The result is to create a faster, more efficient and accurate verification of documents.
Gilbert + Tobin’s legal service innovation and technology teams, in collaboration with its market-leading corporate advisory and intellectual property teams, said it took an entrepreneurial approach to creating and protecting the verification tool to improve both lawyer and client experience of the verification process and generate significant time savings.
In developing the tool, Gilbert + Tobin had stated its continued commitment to harnessing technological innovation to meet internal and client needs in a streamlined, timely and more efficient way.
Rachael Bassil, partner in the corporate advisory team, said the firm is excited to see the tool go from strength t -strength under Litera’s leadership.
“Litera can appreciate the tool’s potential. We look forward to seeing more clients and lawyers benefit from this technology, enabling them to work smarter and focus on their commercial objectives,” Ms Bassil said.
Litera’s document drafting product allows users to create, proofread, compare, clean, and distribute high-quality content quickly and securely, from any device. Their transaction management platform converts the manual process of managing transactions by creating a secure, collaborative workspace and automating the end-to-end signature process.
